New Delhi, Oct. 9 -- Newly minted unicorn Dhan plans to enter the insurance segment and expand into other financial products to reduce its reliance on stock broking, according to its top executive.

The company plans to build new revenue streams as about 80% of its current income comes from stock broking, and regulatory changes have led to a sharp drop in trading volumes for players in this segment, founder and chief executive officer (CEO) Pravin Jadhav told Mint on the sidelines of the Global Fintech Fest in Mumbai.

"There have been changes in the regulatory landscape around trading volumes. The idea now is to focus more on building other revenue lines rather than depending on just one," said Jadhav.

Launched in 2021, Dhan has nearly ...